This week, ICMIF member LB Forsikring (Denmark) launched a new smartphone telematics app that will give their members greater insight into their driving and the opportunity to achieve a lower deductible. The goal is to test whether the app, called Bilist+, can help prevent traffic accidents in the future. Via various algorithms, Bilist+ evaluates an […]
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Canadian ICMIF member Trillium Mutual Insurance Company has announced that it has partnered with PrevTech Innovations to reduce agricultural structure fires. Trillium has pre-purchased a number of PrevTech Smart Sensor units which will immediately be made available to any of their agri-business members who are invested in effective risk management. Trillium Mutual has also developed […]
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According to new research from ICMIF member and UK financial services mutual OneFamily, eight out of ten teenagers in the UK (81%)Â prioritise the environment when choosing products. They said they would happily pay more for an eco-friendly option. As eco-friendly shoppers, British teenagers said they would be prepared to pay an additional GBP 291 for […]
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Amid the Covid-19 pandemic, the Latin American Association for Education in Reinsurance (or the LARG Group as it is often known) organised its 2020 Annual Meeting for the first time as a virtual conference. This was, says the Group’s Director Martha Julia de MarroquÃn, a real challenge given the high standards that normally characterise the […]
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In February 2020, Mirai Chatterjee, Principal of Indian ICMIF member, National Insurance VimoSEWA Cooperative Ltd (SEWA), was invited to chair the Committee on Standalone Microinsurance Company which had been set up by the Insurance Regulatory and Development Authority of India (IRDAI) to suggest steps to assess the desirability and feasibility of the formation of standalone […]
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During the first quarter of 2020, Swedish ICMIF member Länsförsäkringar introduced exclusion criteria for online gaming companies, which meant that 20 companies were added to the company’s exclusion list for investments. Now other types of gaming companies, which generate revenue from gambling for money, have also been excluded, which resulted in the removal of another […]
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Japanese ICMIF member Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) and The Norinchukin Bank (Central Cooperative Bank for Agriculture, Forestry and Fisheries), both of which belong to the JA (Japan Agricultural Cooperatives) Group, have announced that they have invested JPY 10 billion (USD 95 million) each i.e. JPY 20 billion (USD 190 million) in […]
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ICMIF Supporting Member AM Best has announced that its Insurance Market Briefing – Europe will take place as two complimentary webinars on 11 November 2020. These online sessions replace the annual in-person conference, which has been rescheduled to 16 June 2021. The webinars will feature leading AM Best rating analysts who will discuss the impact […]
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Swedish ICMIF member Folksam Liv (Life) has announced this week that it will be sending out refund notices to 600,000 customers. In total, they will share close to SEK 286 million (USD 32.2 million) with its members. The refund will be paid to certain policyholders who have life cover through their membership of certain trade […]
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The Achmea Innovation Fund has announced today that it is taking a significant non-controlling interest in Land Life Company and as a result will become the largest external investor in this reforestation company. In this way, Achmea’s fund will be supporting Land Life Company’s mission to help restore two billion hectares of degraded land around […]
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